With a very Limited Inventory, the housing market is extremely hot and values are on the rise.
Hot Housing Market: Everything on the market below $1 million is selling like hotcakes, and below $750,000 is nothing short of nuts.
The current Orange County housing market is scorching hot and has not been this good since July 2013. Once again, buyers are tripping over themselves to purchase. Homes that hit the market are fetching multiple offers within the first couple of days. Some buyers are writing offers on homes unseen. Others are waiving the appraisal contingency (still mandatory if they are getting a loan; so, if the appraisal comes in low, the buyer will have to bring in more money in order to close). When a home is priced at or close to its Fair
Lack of Sellers: Fewer homeowners have opted to sell for years now in spite of massive appreciation and excellent conditions to sell.
The storyline has remained the same for years now, there simply are not enough homeowners electing to sell their homes and make a move. It’s not just a local phenomenon, nor a Southern California phenomenon; it’s a national issue that has been juicing the 5-year seller’s market. Lack of supply, that’s the story. Ask any buyer or any REALTOR® what is the biggest challenge in today’s housing market and the instant response would unanimously be “there aren’t enough homes on the market.”
It makes perfect sense that homeowners were not in a rush to sell from 2008 through 2011. Those were the years where home values took a
Come see this wonderfully located Placentia end of cul-de-sac home features 4 bedroom, 3 baths and encompasses 2055 square feet on 9000 square feet lot. Inviting curb appeal takes you to double door entry that open to foyer. I have remodeled kitchen with granite counter tops that over looks family room. The rear yard has a great size and you could let imagination go wild on what you could make of it. There is also RV parking off of the driveway on one side of home.
Living in Southern California, “surf’s up” is a phrase used to describe when the waves at the beach are worth surfing. In describing the Orange County housing market and whether or not right now is a good time to sell a home, yes, “surf’s up!” If you are a homeowner who wants to sell, but you are waiting for the “Spring Market” because that’s when the conditions are “the best” for selling a home, there’s actually no need to wait. So, grab your surfboard, contact a professional REALTOR®, jump in the water, and start paddling to the swells… Surf’s Up!
After a slow start to housing due to very few homeowners placing their homes on the market at the beginning of the month, everything that is coming on the market now is flying off the market almost as quick